A mother explains to her child that the price on the sign is not the total price for a crystal vase, because the price does not include tax. She points out that a $760 crystal vase actually costs $798 once the sales tax is added. What is the sales tax percentage?
Write your answer using a percent sign (%).
To find the sales tax percentage, we need to determine the difference between the total cost and the actual price.
The difference between $798 and $760 is $798 - $760 = $38.
Therefore, the sales tax is $38.
To find the sales tax percentage, we divide the sales tax amount by the actual price and then multiply by 100:
($38 / $760) * 100 = 0.05 * 100 = 5%.
Therefore, the sales tax percentage is 5%.